While details of the exact payment timeline are not specified, the EU aims to deliver the funds before their summer recess. The EU, along with G7 partners, is utilizing profits generated by immobilized Russian assets to support Ukraine, instead of confiscating them outright.
The costs of Ukraine’s reconstruction are projected to reach $486 billion over a decade. Additionally, the EU Council has confirmed that accession talks with Ukraine and Moldova will begin on June 25, following an agreement among EU ambassadors.
EU Council confirms accession talks with Ukraine, Moldova to start on June 25
The announcement follows an agreement by EU ambassadors from last week. Officials in both Kyiv and Brussels were pushing for the June starting date before Hungary takes over from Belgium in chairing the EU.
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